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CubicFarm Systems announces a C$10 million overnight marketed offering

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CubicFarm Systems Corp.

On May 27, 2022, CubicFarm Systems Corp. (“CubicFarms” or the “Company”) (TSX:CUB), announced its overnight marketed public offering of unsecured convertible debenture units of the Company at a price of $1,000 per debenture unit and common shares of the Company at a price of $0.55 per common share for total gross proceeds of approximately C$10 million with a syndicate of agents (the “Offering”).

The net proceeds from the Offering will be used by CubicFarms for continued growth, technology development, sales and marketing and other corporate purposes.

CubicFarms is a local chain agricultural technology company that provides unique automated on-site commercial-scale food and livestock feed technologies. 

Fasken advised CubicFarms with a team led by Steve Saville (Corporate Finance & Securities), and included Martin Ferreira Pinho (Corporate Finance & Securities) and Esther Leung (Corporate Finance & Securities).



  • British Columbia



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